FOURTH SCHEDULE

Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

[Regulation 18(2)]

CONTENTS OF THE INVESTMENT MANAGEMENT AGREEMENT

the asset management company appointed by the trustees with the prior approval of the Board shall be responsible for floating schemes for the mutual fund after approval of the same by the trustees and managing the funds mobilised under various schemes, in accordance with the provisions of the Trust Deed and Regulations;

the asset management company shall not undertake any other business activity other than activities specified under 146[sub-regulation (2) of regulation 24] and management of mutual funds and such other activities as financial services, consultancy, exchange of research and analysis on commercial basis as long as these are not in conflict with the fund management activity itself without the prior approval of the trustees and Board;

the asset management company shall invest the funds raised under various schemes in accordance with the provisions of the Trust Deed and the regulations;

the asset management company shall not acquire any of the assets out of the scheme property which involves the assumption of any liability which is unlimited or which may result in encumbrance of the scheme property in any way;

the asset management company shall not [* * *] [Omitted by S.O. 32(E), dated 12.1.1998] take up any activity in contravention of the Regulations;

no loss or damage or expenses incurred by the asset management company or Officers of the asset management company or any person delegated by the asset management company, shall be met out of the trust property;

the asset management company shall ensure that no 148[offer document of a scheme, key information memorandum, abridged half-yearly results and annual results] is issued or published without the trustees' prior approval in writing, and contains any statement or matter extraneous to the Trust Deed or Offer Document scheme particulars approved by the trustees and Board;

[ the asset management company shall provide an option of nomination to the unitholders in terms of regulation 29A, in the form prescribed hereunder;] [Inserted by G.S.R. 625(E), dated 11.6.2002]

the asset management company shall disclose the basis of calculating the repurchase price and NAV of the various schemes of the fund in the scheme particulars and disclose the same to the investors at such intervals as may be specified by the trustees and Board;

the trustees shall have the right to obtain from the asset management company all information concerning the operations of the various schemes of the mutual fund managed by the asset management company at such intervals and in such a manner as required by the trustees to ensure that the asset management company is complying with the provisions of the Trust Deed and Regulations;

the asset management company shall submit quarterly report on the functioning of the schemes of the mutual fund to the trustees or at such intervals as may be required by the trustees or Board;

the trustee shall have the power to dismiss the asset management company under the specific events only with the approval of the Board in accordance with the Regulations.

[FORM FOR NOMINATION/CANCELLATION OF NOMINATION] [Inserted by G.S.R. 625(E), dated 11.6.2002]

(TO BE FILLED IN BY INDIVIDUAL(S) APPLYING SINGLY OR JOINTLY)

I/We.................*do hereby nominate the person more particularly described hereunder/and/cancel the nomination made by me/us on the..............day of...in respect of units bearing No. .......... .

(*strike out which is not applicable)

Name and Address of Nominee

Name: ...........................

Address: ............................

Date of Birth: ................................

(to be furnished in case the Nominee is a minor)

*The Nominee is a minor whose guardian is:..........

Address of the Guardian............

Signature of the guardian:.............................

(* to be deleted if not applicable)

Unitholder(s) (1) Signature : ......................

Name : .........................

Address : .....................

Date : ........................

(2)

Signature : .................

Name : ............................

Address : ...........................

Date : ...............................

Instructions:-